Apac to expand capacity

Apac to expand capacity

JAKARTA (ANTARA): Domestic textile-maker PT Apac Inti Corpora aims to be among the world's 10 largest denim producers next year, the company stated yesterday.

Apac Inti president Benny Soetrisno said the company planned to increase the production capacity at its plant in Bawen, Semarang, Central Java, to 60 million yards of denim annually next year, up from more than 17 million yards.

Benny said this would put the company among the world's 10 largest denim producers next year along with Cone of the United States, Swift of the U.S., A-Santista of Brazil, Burlington of the U.S., Siopsa/Cone of Mexico, Vicunha of Brazil, Mt. Vernon of the U.S., Greenwood of the U.S., and Helenic of the U.S.

Apac Inti was known as Kanindotex before changing its name to when Bambang Trihatmodjo and Johannes Kotjo took it over in May last year from Robby Tjahjadi.

Besides denim, the company produces threads and gray textiles. It produced 345,960 bales of yarn and 86 million yards of gray textiles this year.

The firm recently collected Rp 408 million (US$172.8 million) by issuing rights shares which it plans to use to improve its plant.

He said the firm also planned to get an international syndicated loan to upgrade its production facilities. (jsk)